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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPres. Biden changing his mind on student loan forgiveness 'is a tremendous victory,' Rep. Pressley
President Joe Biden recently said that he's considering some level of broad-based student loan forgiveness in the coming weeks, and one Democrat who has repeatedly pushed for cancellation says that's major progress.
"All we know is that the President has expressed an openness to to cancel some debt... that in its in and of itself, is a tremendous victory," Congresswoman Ayanna Pressley (D-MA) told Yahoo Finance in an exclusive interview (video above), later adding: "Any relief that we can provide people in the midst of unprecedented economic hardship as we begin to round the corner and head into a recovery from this pandemic induced recession would make a difference."
Pressley, alongside Senate Majority Leader Chuck Schumer (D-NY), and Senator Elizabeth Warren (D-MA) have repeatedly called on Biden to cancel $50,000 in student loan debt immediately via executive order on the premise that there is sufficient legal backing for the administration to do so.
"This is about the president keeping his word," Pressley stressed. "He has the authority, and I think he has a mandate from this electorate... this is about being responsive to the multi-generational, multiracial coalition, which decisively elected him."
https://finance.yahoo.com/news/student-loan-forgiveness-biden-pressley-141234731.html
Me.
(35,454 posts)Budi
(15,325 posts)They could have easily written their own bill long ago & got it to Biden's desk for signature.
So, why didn't they?
Can someone ask them?
This "still won't be enough", followed by "why did it take him so long"?
When they all know the power was in these legislators hands all along.
Not helpful to say the least.
And just how would this be with the Senate? No way, no how do we have even 50 votes in the Senate for that ( I am very sure Manchin would be opposed)
Fiendish Thingy
(15,631 posts)Once Biden announces exactly what his plan is, then I will decide whether to applaud.
Budi
(15,325 posts)So stop it.
CoSign one of the current bills in Congress to do so.
Or use your Legislative powers to write your own bill.
Inform your base that Biden just cannot do it all.
Be truthful.